Commercial Real Estate Market in Florence, MS
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
10 active listings and 298 off-market properties in Florence, MS. Commercial property asks $127/SF to buy (based on 4 listings) and $12.50/SF/Yr to lease (based on 4 listings).
Market Trends
Florence, MS spans 161.1 square miles in Rankin County, Mississippi. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Florence, MS runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Florence, MS runs 5.4% across the South region in 2025, down from 7% in 2020.
Industrial
Industrial vacancy in Florence, MS runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Multifamily
Multifamily vacancy in Florence, MS runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 58.1%
- Commercial 27.3%
- Agricultural 11.9%
- Industrial 2.8%
Largest Zones share of zoned land by district
Florence, MS zones 5,038 acres across 10 districts. Commercial zoning covers 27.3% of zoned land, residential 58.1% and industrial 2.8%. The largest single district is Single Family Residential District at 53.4%. For commercial buyers the practical constraint is that only 30.1% of land carries a commercial or industrial designation.
The purpose of this district is to provide areas for the development of low density, single family detached dwellings and related compatible uses in relatively spacious surroundings which provide ample, usable open space for leisure time activities
Market overview
Demographics & Economy
Florence, MS has 20,613 residents in 8,707 households. Density runs 128 people per square mile. Median household income here is $72,099 and median gross rent $886 a month.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Byram | $121 | — |
| Pearl | $126 | $14.00 |
| Jackson | $79 | $16.50 |
| Flowood | $228 | $18.00 |
Commercial property in Florence, MS asks $127/SF. The 4 bordering markets run from $79/SF in Jackson to $228/SF in Flowood, and the city sits above their $123/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Florence?
How much does it cost to lease commercial space in Florence?
How does Florence compare to nearby markets on price?
What zoning applies to commercial property in Florence?
Where does Realmo's Florence market data come from?
Methodology & data sources
- Asking prices and medians
- There are 6 active for-sale and 4 active for-lease listings in Florence, MS. The medians are based on 4 of the for-sale and 4 of the for-lease listings, those that state a price or rent per square foot. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 5,038 zoned acres across 10 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 October 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level and industrial vacancy is reported at South region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 October 2026 · How Realmo checks market page data · Report a data issue
